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March 3, 2015 – A lack of liquidity in corporate-bond markets could pose a systemic risk to the economy when interest rates rise, U.S. Securities and Exchange Commission member Daniel Gallagher said.

March 2, 2015 – ConvergEx continues to shop fopr new talent at KCG, picking up a pair for its sales group while buysider Russell Diamond moved to Spectrum Group Management. Also, buyside-owned IEX named a new chief regulatory officer in this edition of On the Move.

March 2, 2015 – LedgerX, the company that has applied to the CFTC to operate a regulated Bitcoin options exchange and clearing house, is now providing its traders real-time market surveillance and trade surveillance capability.

KCG Holdings Inc., the trading firm formed in the aftermath of Knight Capital Group Inc.'s near collapse, is seeking at least $300 million for its currencies unit, people with knowledge of the matter said.

FXCM, a global online provider of foreign exchange trading and related services, announced that its U.S. subsidiary FXCM U.S. has introduced a new retail FX pricing model. FXCM U.S. platforms will now display raw spreads and mark-ups previously included in the spread will be separately displayed as a commission.

Traders' reviews the controversial Michael Lewis tome 'Flash Boys' and how it has changed the way Americans think about high-frequency trading "if they even thought about it all" and its impact that may be seen in new regulations.

In an industry dominated by speed, where short-term success is dependent on decisions made faster than the blink of an eye, guest commentator Mark Knoll said that getting traders to focus on the long-term impact of regulatory changes is like trying to get a world class sprinter to think like a marathon runner.

With the immediate furor over Michael Lewis's book, Flash Boys, finally dying down, many market players are hoping the receding hype gives way to a discussion of the real problems and possible solutions to some of the issues the book brought up - namely market structure.

Swedish agency-broker Neonet has a simple business strategy  offer its algorithms and electronic trading solutions first to its native European equity trading clients, and then cross the Atlantic and enter the U.S. equity markets.

Joseph Mecane, previously EVP at the New York Stock exchange, has joined Barclays bank in its equities division, while former KCG vet Ken Cutroneo joined Minetta Brook, a Big Data Intelligence company as sales director. See other hires in today's On the Move item, right here and now.

Foreign exchange traders are getting a new liquidity pool where they can execute trades. EBS, ICAP's electronic FX business, announced EBS Select, an anonymous, segmented, bilateral liquidity pool to help grow and electronify the forex markets.

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